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Dogwifhat (WIF) price could rise by 20+%, while 5thScape VR Game Offers a Unique Path to Virtual Victory

Jordan Avery by Jordan Avery
May 11, 2024
in Press Releases
Reading Time: 4 mins read
0
DOGWIFHAT-WIF-MEMECOIN-MMA
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The price of dogwifhat (WIF) is moving within an ascending channel, indicating growth potential. On the other hand, 5thScape launched “MMA Cage Conquest”, which is a new MMA virtual reality game, and its now available at Meta Store.

Dogwifhat is Showing Bullish Signals 

The price of WIF is rising and may continue to do so due to investor behavior. Meanwhile, this is evidenced by the open interest (OI) indicator. However, this is the total number of currently outstanding contracts for various derivatives such as options and futures. The metric reflects the activity of market participants and liquidity.

Dogwifhat (Wif) price could rise by 20+% and here's why
Open interest on WIF. Source: Coinglass

In the case of dogwifhat, this figure has grown by $85 million over the past three weeks. In addition, the growth, although slow, shows that investors are pouring money into the altcoin and betting on its future. Given the positive funding rate, traders are likely to make bullish bets. Moreover, this will push up the price of WIF.

In addition, the MACD indicator also supports possible price growth. MACD is an indicator that shows the relationship between two moving averages of an asset’s price. On the other hand, it consists of two lines – the MACD line and the signal line – and is used to identify potential buy and sell signals.

wif-price
TradingView

Now the indicator is forming a bullish crossover, and the histogram is showing growing green bars. However, this indicates increasing bullish sentiment in the market and supports WIF’s chance of growth in the near term.

Dogwifhat (WIF) forecast: should we expect a rally?

The WIF price is holding below the $3.18 resistance, which is historically considered a key level. Turning this resistance into support will propel memcoin higher.

dofwifhat-price
coinmarketcap

The token is trading within an ascending channel and, in the event of a bullish breakout, it can show an increase of 21%. This technical pattern is characterized by price movement between two parallel lines directed upward. Meanwhile, it is usually interpreted as a bullish signal suggesting continued growth.

5thScape Unveils “MMA Cage Conquest” on the Meta Store

Virtual reality continues to push the boundaries of immersion, and 5thScape is stepping into the octagon with its latest title, “MMA Cage Conquest.” This VR game promises to redefine virtual combat by offering a skill-based experience that transcends button-mashing and enters the realm of personal development.

fifthscape-MMA

“MMA Cage Conquest” isn’t just about pummeling opponents; it’s about mastering the art of mixed martial arts. Players will learn and execute strikes with precision, grapple for dominance, and feel the thrill of executing a perfect submission hold. Every blow, every takedown, and every moment of struggle will be felt through the power of VR technology, transporting players from their living rooms to the heart of the action.

Train Like a Champion, Fight Like a Champion

More than just a fighting game, “MMA Cage Conquest” offers a structured training experience. Moreover, players will begin as eager underdogs, honing their skills through rigorous simulations. As they progress, they’ll refine their striking, defense, and ground game, tracking their development and building unshakeable confidence. In addition, with each session, players won’t just be playing a game; they’ll be training for virtual glory.

FifthScape Ecosystem (5SCAPE)-5thScape

The true beauty of “MMA Cage Conquest” lies in its ability to blend physical exertion with strategic thinking. On the other hand, players will need to develop a fighting style that suits their strengths, learn to counter their opponent’s tactics, and manage their stamina throughout a match. However, the result is an immersive and rewarding experience that pushes both physical and mental boundaries.

Tags: bullish signalsDogwifhatMACD indicatorMetaMMA Cage ConquestVR GameWIF
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